The "Outsider" of the Red Envelope War

Wallstreetcn
2026.01.27 06:27
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During the Spring Festival, internet companies launched various red envelope activities to attract users, but Alibaba's Tongyi Qianwen chose to quietly release its flagship model Qwen3-Max-Thinking. Industry experts point out that the competitive logic in the AI era is different from that of the mobile internet; user retention no longer relies on subsidies but on the intelligence level of the model. The release of Qwen3-Max-Thinking marks a deeper level of competition for China's large models, emphasizing the importance of intellectual density